3 Altcoins Face Major Liquidation Risks in the Second Week of December

The altcoin market is entering a sideways phase, but derivatives traders have taken one-sided positions in several altcoins, exposing them to major liquidation risks amid important macro events this week. Zcash (ZEC) has seen a surge in Long liquidations, potentially facing $98 million in losses if it drops to $295, despite the founder's upcoming SEC discussion. Aster (ASTER) shows higher Short liquidation volume, but a recent buyback announcement and technical breakout could trigger over $32 million in Short liquidations if the price hits $1.07. Bittensor (TAO) has a severe Long imbalance, with nearly $17 million at risk if the price falls to $243.50, fueled by bullish sentiment ahead of its first halving around December 14. Furthermore, the Federal Reserve's interest rate announcement this week could cause extreme volatility, impacting all positions.

(Source：BeInCrypto)